Engineering Capital founder Ashmeet Sidana explains that firms are trending toward a more specialized fund approach. : This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. Sign up here. Venture capitalist Ashmeet Sidana believes that some of the best Silicon Valley companies owe their success to a technical insight. After parting ways with Foundation Capital in 2013, Sidana decided to try out a new investing strategy — back founders taking technical risk, not market risk. His firm, Engineering Capital, leads seed rounds in companies solving technical problems in the software and core IT infrastructure space.